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Can a trust fund be changed?
Yes, a trust can be modified or even revoked at any time under its terms. If it is a post mortem trust it can be modified by the trustees within the intent of the trust, provided it continues to benefit the same people.
If the grantor and the trustee are the same person in an irrevocable trust can they revoke any or part of that trust from the beneficuary?
In short no, an Irrevocable Trust cant be legally revoked by either party.
Can a Michigan living trust can be terminated or changed at any time?
A Michigan living trust can be terminated or changed at any time. A trust owner can always go through the process of changing or terminating a trust at any time. Yes a Michigan living trust can be terminated or changed at any time. Provided the owner of the trust is still iving it can be changed with a simple form.
Can a settlement deed be revoked by any court?
No settlement ( except conditional settlement ) ,deed can be revoked by an court whatsoever as long as the settlement was done as per law in force at the time of settlement.
Can a settlement deed executed in India be revoked by court?
No settlement deed can be revoked by any court as long as the settlement was made according to the law in force at the time and place the settlement was made.
Can a discretionary trust be cancelled at any time?
can a discretionary trust set up for an only child be cancelled at any time?
Can consent to search be revoked?
Yes, it can be revoked at any minute, even if it was signed on paper.
What does a gratuitous promise lack in comparison with a contract?
It can be revoked at any time without legal penalty, as there was no exchange of consideration.
When can power of attorney be revoked?
You may revoke a power of attorney at any time by giving proper notice to the person you had authorized to act for you.
Can you have suspended licence and a revoked one at the same time?
No, you cannot have both a suspended license and a revoked license at the same time. A suspension typically means your driving privileges are temporarily taken away, often for specific violations, whereas a revocation means your license has been permanently withdrawn until certain conditions are met. If your license is revoked, it overrides any suspension status.
How to record ownership in trust?
Land is conveyed to a trust by virtue of a deed that transfers the title to the land to the trustee(s) of the trust. In some jurisdictions a trust that holds title to real estate must be recorded in the land records. In some jurisdictions the only evidence of the trust required is a certificate at the time of a conveyance by the trustee that the trust is in effect and that the trustee has the authority to convey the real estate. The trustee holds legal title to any real estate conveyed to the trust. Therefore any property conveyed to the trust should be granted as follows: to Sheila McCarthy as the Trustee of the Rexford Realty Trust under a Declaration of Trust dated June 6, 2008.
What is a realty trust?
Realty trust is an arrangement for holding title to real property under which one or more persons or corporations, under a written declaration of trust. They declare that they will hold any property that they acquire as trustees for the benefit of one or more undisclosed beneficiaries.
